Brookfield Renewable Corporation (NYSE:BEPC) Stock Holdings Increased by Intact Investment Management Inc.

Intact Investment Management Inc. boosted its position in Brookfield Renewable Corporation (NYSE:BEPC - Free Report) by 11.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 77,200 shares of the company's stock after acquiring an additional 8,100 shares during the quarter. Intact Investment Management Inc. owned 0.05% of Brookfield Renewable worth $2,155,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BEPC. PFG Investments LLC lifted its stake in shares of Brookfield Renewable by 5.6% during the first quarter. PFG Investments LLC now owns 209,120 shares of the company's stock worth $5,839,000 after purchasing an additional 11,119 shares in the last quarter. Spirit of America Management Corp NY lifted its stake in shares of Brookfield Renewable by 93.0% during the first quarter. Spirit of America Management Corp NY now owns 4,150 shares of the company's stock worth $116,000 after purchasing an additional 2,000 shares in the last quarter. Abundance Wealth Counselors lifted its stake in shares of Brookfield Renewable by 6.5% during the first quarter. Abundance Wealth Counselors now owns 56,766 shares of the company's stock worth $1,585,000 after purchasing an additional 3,449 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Brookfield Renewable during the first quarter worth about $532,000. Finally, Hanson & Doremus Investment Management lifted its stake in shares of Brookfield Renewable by 12.5% during the first quarter. Hanson & Doremus Investment Management now owns 21,995 shares of the company's stock worth $614,000 after purchasing an additional 2,448 shares in the last quarter. Institutional investors and hedge funds own 75.12% of the company's stock.

Brookfield Renewable Stock Down 1.2%

Shares of NYSE BEPC traded down $0.38 during midday trading on Friday, reaching $31.37. 1,489,810 shares of the company's stock were exchanged, compared to its average volume of 965,726. Brookfield Renewable Corporation has a 52-week low of $23.73 and a 52-week high of $35.14. The stock has a market capitalization of $4.55 billion, a PE ratio of -35.25 and a beta of 1.15. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.25 and a current ratio of 0.25. The business's fifty day moving average price is $29.26 and its two-hundred day moving average price is $28.16.

Brookfield Renewable Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, May 30th will be issued a $0.373 dividend. This represents a $1.49 annualized dividend and a yield of 4.76%. The ex-dividend date is Friday, May 30th. Brookfield Renewable's dividend payout ratio is currently -167.42%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BEPC. Wells Fargo & Company dropped their target price on Brookfield Renewable from $33.00 to $32.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Barclays began coverage on Brookfield Renewable in a research report on Wednesday, April 2nd. They set an "equal weight" rating and a $31.00 target price on the stock.

About Brookfield Renewable

Brookfield Renewable Corporation owns and operates a portfolio of renewable power and sustainable solution assets primarily in the United States, Europe, Colombia, and Brazil. It operates hydroelectric, wind, solar, and distributed energy and sustainable solutions with an installed capacity of approximately 19,161 megawatts.